MNI BRIEF: Caixin December Manufacturing PMI Slows To 50.5
Jan-02 06:44
Peoples Bank of China+ 2
China's Caixin manufacturing PMI came in at 50.5 in December, down from November's 51.5, staying in the expansionary zone above the 50 mark for the third straight month, the financial publisher said on Wednesday.
The production and new orders sub-indices both fell to three-month lows, while external demand failed to continue to pick up amid sluggish global economy and poor trade outlook. The new export order sub-index returned to the contraction range, led by the decline in intermediate goods.
Caixin's PMI mainly tracks SME manufacturers. The official PMI released Tuesday, which typically covers large state-owned companies, registered 50.1 in December, down from November's 50.3 reading.
